Episode notes
When Jack Mallers stepped down from Twenty One Capital (XXI), Rapha Zagury stepped in as CEO. A Wall Street veteran who ran trading desks at Merrill Lynch, Rapha later co-founded Elektron, the Tether-backed Bitcoin mining operation that grew into one of the largest mining companies in the world.
Now he joins me to explain what comes next for XXI — and to answer some of the biggest questions surrounding Tether. We discuss:
- How much of XXI Tether actually owns — and what it wants to build next
- Whether Tether's biggest critics are asking the right questions
- Why XXI is trying to become much more than a Bitcoin treasury company
- Whether Elektron will be absorbed into XXI
- What really happened at Ocean during the BIP 110 controversy
Follow Rapha Zagury on X https://x.com/RaphaZagury
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Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.
